Auto Trader Group (LON:AUTO) Shares Cross Below 200-Day Moving Average – Should You Sell?

Posted by Jeanne O'Marion on Dec 17th, 2024

Auto Trader Group plc (LON:AUTO – Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 829.87 ($10.53) and traded as low as GBX 809.80 ($10.27). Auto Trader Group shares last traded at GBX 815 ($10.34), with a volume of 1,438,483 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AUTO shares. Berenberg Bank reduced their price objective on Auto Trader Group from GBX 880 ($11.16) to GBX 830 ($10.53) and set a “hold” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on Auto Trader Group from GBX 688 ($8.73) to GBX 746 ($9.46) and gave the company an “underweight” rating in a report on Thursday, December 5th. Finally, Shore Capital cut shares of Auto Trader Group to a “sell” rating in a research note on Thursday, November 7th.

Check Out Our Latest Research Report on Auto Trader Group

Auto Trader Group Price Performance

The firm has a 50-day moving average of GBX 843.13 and a 200-day moving average of GBX 829.87. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66. The firm has a market capitalization of £7.26 billion, a P/E ratio of 2,910.71, a PEG ratio of 3.99 and a beta of 0.78.

Auto Trader Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd will be issued a dividend of GBX 3.50 ($0.04) per share. This represents a dividend yield of 0.41%. The ex-dividend date is Thursday, January 2nd. Auto Trader Group’s payout ratio is currently 3,571.43%.

Auto Trader Group Company Profile

(Get Free Report)

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides vehicle advertisement on its websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its websites for manufacturers and their advertising agencies.